ManDude
The TSLA cup and handle breakout case has been invalidated as of Thursday June 5th of this past week. The start of the week showed lack of conviction in the follow through to and over the 360 price level, where sellers stepped up. This indicated a slowdown in bullish momentum and a weakening trend early in the week. The ultimate catalyst that caused the breakdown...
Cup and handle brewing on the SPX daily. All time highs are near. See you there before the pullback
META daily cup and handle broke out and is trading to a retest of the breakout level at ~662. A hold over 661~663 area confirms the breakout and would be a good location to add longs. The proper measured move would put the price target far past the ATH in the 900s, which I think is a bit excessive in the short term given the current economic and geopolitical...
Mastercard is another name in the financial sector that is showing a cup and handle formation on the daily chart. Two price targets to break at $585.60 and the ATH of $588.45 and it's off to new highs.
Cup and handle patterns are all over the place right now. Visa is another name that is showing this pattern forming on the daily chart. A strong move in financial names could push this over 369.15 towards new highs.
Beautiful weekly cup and handle breakout on $HOOD. With the potential inclusion into the S&P 500 on Friday, we could see price hit IPO high and possibly make new highs before it pulls back. PT $85
NASDAQ:TSLA Last week, the daily chart on TSLA showed a cup and handle formation. Price attempted to break up but rejected overhead supply in the 360s. Price action is starting to show the formation of a handle on the weekly chart that may present a stronger move in the coming weeks to break through the 360 resistance level and overhead supply. June tends to be...
ETH currently trading in a weekly balance range. Looking like some bullish consolidation for a major move up back to 4k. Idea may take some more time to play out, but the longer it takes, the better the move. ETH to $4000
NASDAQ:HOOD trying to play out a weekly cup and handle formation. Looking for bullish confirmation with a candle close over $66.89. Inverse head and shoulders pattern played out on the daily chart already so a pullback to 60 may play out first.
NASDAQ:NVDA setting up with a bull flag formation on the daily. A strong ER with good guidance can get us to 140-145. A less than stellar guidance can break the bull flag thesis and send it back to the 120-125 range, with some gaps below.
Weekly log chart on BTC looks ready for price discovery following bullish consolidation. If this setup plays out like the prior major breakouts, we're gonna see some new ATHs soon.
TSLA looks like it's setting up for a bullish move with a potential cup and handle breakout on top of a potential bull flag formation on the daily. First PT at 350 psych level and 360-365, so long as it holds above 350.